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3 years ago

Which ethical standard has been violated if an accountant fails to prepare financial statements according to industry standards?

1 answer:

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C.Competence-because he/she will not have successfully delivered the financial statements in the order and standard in which they are required.

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Professor John Morton has just been appointed chairperson of the Finance Department at Westland University. In reviewing the dep

alexira [117]

Answer and explanation:

1. The scatter plot is attached as an image below

2(a).

Variable cost per section is shown by the slope while

fixed cost is shown by the intercept\

The simple linear regression is as given below

x y xy x²

7 13,500 94500 49

3 8000 24000 9

6 12000 72000 36

2 6500 13000 4

4 10000 40000 16

22 50000 243500 114

Regression Equation: y = a + bx where

x = number of sections offered

y = total cost

a = is the intercept point of regression line and y-axis

b = slope of regression line

N = 5, ∑x = 22, ∑y = 50000

∑xy = 243500, ∑x² = 114, (∑x)²=484

Slope(b) = ∑xy - ∑x∑y

∑x²- (∑x)²

= 1366.28 (variable cost per section)

Intercept (a) = ∑y - b∑x

= 3988.37 (fixed cost per section)

2(b).

Writing the expression in the form of an equation

y = a + bx ⇒ y = 3988 + 1366x

3(a).

Expected Total Cost is calculated by putting the value of x = 10 in the above equation,

Expected Total Cost, y = 3988.37 + 1366.28 × 10 = 17651

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4 years ago

Manuel borrowed a total of $4000 from two student loans. One loan charged 4% simple interest and the other charged 3.5% simple i

hichkok12 [17]

Answer:

the principal amount at a rate of 4% is 2000

principal amount at a rate of 3.5% is 4000-2000 =2000

Explanation:

We have given total amount borrowed = $4000

Let x amount is borrowed at a rate of 4%

So $4000-x is borrowed at rate of 3.5%

Total interest = $150

We know that simple interest $=\frac{principal\ amount\times rate\times time}{100}$

So $\frac{x\times 4\times 1}{100}+\frac{(4000-x)\times 3.5\times 1}{100}=150$

$4x+14000-3.5x=15000$

0.5 x=1000

x = 2000

So the principal amount at a rate of 4% is 2000

And principal amount at a rate of 3.5% is 4000-2000 =2000

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4 years ago

Prepare the Budgets given the following information Budgeted sales are expected to be: January 200 Units February 300 Units Marc

umka21 [38]

Answer:

Sales Budget

January February March April May

Units Sold 200 300 400 300 400

Price per unit $10 $ 10 $ 10 $ 10 $ 10

Sales Rev $ 2.000 $ 3.000 $ 4.000 $ 3.000 $ 4.000

Explanation:

We have to multiplithe amount of units sold each month by the sales price per unit of each month.

For the second question, which is the production budget we require the beginning inventory at Jan 1st and the desired inventory policy else, we cannot complete it. Please add this as details for the question Thank you =)

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3 years ago

Teresa's Performance Pizza is a small restaurant in Detroit that sells gluten-free pizzas. Teresa's very tiny kitchen has barely

ikadub [295]

Answer:

Variable inputs;Fixed inputs

Explanation:

Based on the information given In the short run, these workers are VARIABLES inputs, and the ovens are FIXED inputs reason been that we were told that her decision as regards to how many workers to use often vary from week to week due to the fact that her workers are students which means that her workers can often be changed which was why it was regarded as VARIABLE INPUTS while ovens on the other hand are considered to be FIXED INPUTS reason been that we were told that she cannot change the number of ovens which she uses in her production of pizzas due to the fact that her kitchen cannot contain more than four ovens which means that the number of oven cannot be my changed which was why they are regarded as FIXED INPUTS.

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3 years ago

Costs associated with two alternatives, code-named Q and R, being considered by Albiston Corporation are listed below: Alternati

Neko [114]

Answer:

Albiston Corporation

Relevant and Irrelevant Costs:

Relevant Costs:

Alternative Q Alternative R

Power costs $36,600 $35,600

Inspection costs $32,000 $35,600

Irrelevant Costs:

Alternative Q Alternative R

Supplies costs $79,000 $79,000

Assembly costs $48,000 $48,000

Explanation:

a) Data and Comparisons:

Alternative Q Alternative R

Supplies costs $79,000 $79,000

Power costs $36,600 $35,600

Inspection costs $32,000 $35,600

Assembly costs $48,000 $48,000

b) Relevant costs make a difference in the choice between alternative Q or R. The costs that are the same in amount are not relevant. Supplies costs and Assembly costs are two irrelevant costs, while Power costs and Inspection costs are relevant because they are not the same under the two alternatives. They make a difference in the choice of each alternative.

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3 years ago